2008-07-20 15:45:12 - Albania offers fantastic property investment opportunities and holiday retreats from 32000 Euros with huge capital growth expected.

Albania:
Situated in the south-western region of the Balkan Peninsula, Albania is predominantly mountainous but flat along its coastline with the Adriatic and Ionian Sea with mild temperate, cool, wet winters; dry, hot summers. Bordering Greece, Macedonia, Kosovo, Montenegro and Italy (via the Adriatic Sea)

Albania offers average 300 sunny days per year and more than 200 miles of unspoilt coastline

with sandy beaches.

After many years of dictatorship isolation from communist regime Albania has finally opened the doors and has seen major improvements on infrastructure, development, investment and integrations within EU and NATO as well as opened to foreign investment and free market trade. Many large companies such as Vodafone are already present in the country.

Albania offers one of the most unspoiled underdeveloped beautiful coastlines in Europe, sandy beaches, natural reserves, mountains, rivers and lakes Albania has everything to offer and is the perfect place to answer all questions and tick all the boxes to any type of property investor.

Property market for foreign investors has been active for the last year thanks to Albanian legislation with no restrictions for non residents to buy or invest in Albania and the possibility to leverage with non resident finance from avarage 60% LTV.

Local market is also very strong and has been active for the last 6-8 years.

Albania is now finally emerging to foreign investors. Large number of foreigners starting to discover the huge potentials Albania has to offer including the cheapest prices.

Since Albania was invited to join NATO in May 2008 Albania has seen dramatic changes on the property and investment market with many large companies have shown interest to establishing themselves in the region as the labour and materials costs are low. Albania has also very low corporate tax at 10% flat fee and no purchase tax or restrictions as well as no company is required.

Capital growth has been average 25% in recent years and forecasts show continues growth in the years to come as the lifestyle improves, jobs created, infrastructure improves, middle working locals prefer to move into quality properties and the demand is getting higher.

Huge urbanisation taking place in Tirana and Durres as many young professionals and families move towards Tirana and Durres where many jobs are being created. For example, Tirana population has grown from 300,000 to over a million for less then a decade. Also a large Albanian diaspora living abroad are now returning and are also playing a big part on increasing demand for quality property.

Prices in the Capital city Tirana are from average 550 Euros per sqm for good quality properties making them the cheapest property prices compare to any other European capital city. Tirana has changed and improved on infrastructure and development more compare to any other neighbouring Balkan capital cities.

Albania does have huge underdeveloped coastal region which has great potential for tourism and investment. Albanian government have been pro-active towards foreign investment and investors as there is plenty of opportunities to be grabed as country is preparing for full NATO and EU membership and funds and investments are pouring into the country.

Albania offers the cheapest property prices in Europe, compare to Croatia, Montenegro, Bulgaria or Greece; prices are approximately 70% more expensive than to those of Albania.

Some of the benefits that Albania offers Strong local market demand, High Capital Growth Forecasts expected 25% per year, NATO membership approved, EU membership expected in 2014, NO foreign restrictions to buy, no company needed, Personal ownership or co-ownership, Capital Gains Tax 10% from Jan 08, NO purchase Tax, Democratic elected and stable government, Wage growth approx 10% pa, NO inheritance Tax, NO VAT on property purchase, Non resident Mortgages available only throught mortgage brokers. Contact local agents: Albania Proeprties: www.albania-properties.co.uk for more information.

The infrastructure in Albania is improving daily with the newly built Terminal at (Mother Teresa) Airport in Tirana now offering direct flights to/from London with BA, direct flights to/from New York with ATA Airlines as well as direct flights to many EU cities such us Rome, Milan, Munich, Vienna, Athens and more. This year alone Tirana International airport is expected to serve over 2.5 million visitors and tourists as per the figures of ministry of tourism.

More than €40 million is being invested into upgrading the port of Durres - the main Albanian port, located 35km from Tirana which is a link to many Balkan, Black Sea and many EU regions. Albania is undergoing major construction road works

Albanian economy is booming, in the last three years Albania has benefited with average 6% GDP per year. An EU pre-accession assistance of €11 billion for the country's infrastructure is also approved. Albanian large Diaspora are returning back and continuing to invest money into the regeneration, creating jobs and increasing spending.

Independent legal advise is strongly recomend and use lawyers who have experience in the local market who have assisted foreign investors in the past who speaks Albanian and English to make sure title deeds are in place.

Albania Properties: www.albania-properties.co.uk, think Albania is the last chance for any investor to own their own coastal or holiday property for average 30000 Euros. Within few hours flight journey to many EU cities, with great potential, good rentals and high capital growth to be appreciated this is a chance not to be missed and getting in Early before it is too late.

Albania Properties recomends that the highest capital apretiations are achieved always when you invest early in emerging markets as prices are very low.

If you are interested for Albania property investment or have any questions please contact Albania Properties Ltd.
www.albania-properties.co.uk
info@albania-properties.co.uk
Tel: +442076079119.